The rich world faces nightmare budget deficits
[ad_1] A decade ago finance ministries were gripped by austerity fever. Governments were doing all they could to cut budget deficits, even with unemployment high and economic growth weak. Today things are very different. Across the West, most economies are in better shape. People have jobs. Corporate-profit growth is strong. And yet governments are spending […]
Milei’s Message to the World
[ad_1] The first few months of Javier Milei’s administration have already had major consequences in Argentina as the country has started to move away from years of leftist, failed economic policies. This is of course relevant to Argentines, who were the ones who actually suffered because of their country’s dismal economic situation. But the interest […]
What Does “Unbiased” Mean in the Digital World? (with Megan McArdle)
[ad_1] 0:37 Intro. [Recording date: February 26, 2024.] Russ Roberts: I want to let listeners know that this week’s episode gets into a number of adult themes, may not be appropriate for young children. So, adults listening with young, or middle, or even older children may want to listen to this first. Today is February […]
The world is in the midst of a city-building boom
[ad_1] Listen to this story.Enjoy more audio and podcasts on iOS or Android. Your browser does not support the <audio> element. Africa’s tallest building is rising under empty skies. Beneath the Iconic Tower in northern Egypt sits a city that officials expect to one day house 6.5m people. For now, though, it is mostly empty—like […]
How the world economy learned to love chaos
[ad_1] Central banks have embarked on austere monetary policy to crush inflation. Worries about the financial system, from bond markets to commercial property to the health of the banks, are ever-present. Some 4bn people will head to the polls this year, with unpredictable consequences. Most concerning of all, the world is on fire, with conflicts […]
Debt is piling up and it won’t end well for the world, economist warns
[ad_1] A mosaic collection of world currencies. FrankvandenBergh | E+ | Getty Images The world is looking at a debt crisis that will span the next 10 years and it’s not going to end well, economist Arthur Laffer Jr. has warned, with global borrowings hitting a record of $307.4 trillion last September. Both high-income countries […]
Pondering How the World Has Changed
[ad_1] I’m taking half an hour at the end of most work days to finally read through some of the letters that my sister, April Henderson, who died in November 2018, either sent or received. She saved almost everything, including letters that weren’t even to her but were to friends or relatives who knew of […]
Goldman Sachs analyst says the world is moving into a new super cycle
[ad_1] A screen displays the Dow Jones Industrial Average after the closing bell on the floor at the New York Stock Exchange on Dec. 13, 2023. Brendan Mcdermid | Reuters The global economy is moving into a new “super cycle,” with artificial intelligence and decarbonization being driving factors, according to Peter Oppenheimer, head of macro […]
Viktor Orbán Tries To Save Europe From World War III
[ad_1] Europe is desperate to commit geopolitical and economic suicide. They have bullshitted the people all along, and all they are interested in is creating war to devastate Europe a third time simply as the excuse to cover up the economic failure of the Euro and the fiscal mismanagement of the economy as all world […]
The Fate Of The World – Answering Questions
[ad_1] ? BREAKING: ISRAEL DISMISSED INTEL REPORTS OF OCT 7TH AS ‘FANTASY’ House Foreign Affairs Chair Mike McCaul addressed reporters after a closed-door briefing from national security officials on the Israel-Hamas war “We know that Egypt had warned Israel 3 days prior that an event… pic.twitter.com/8rAHhXjdwi — Mario Nawfal (@MarioNawfal) November 24, 2023 COMMENT #1: […]